Sentence examples for diversion of assets from inspiring English sources

send a tip: Has your nonprofit experienced a significant diversion of assets?

A Washington Post analysis of filings from 2008 to 2012 found that Legacy is one of more than 1,000 nonprofit organizations that checked the box indicating that they had discovered a "significant diversion" of assets, disclosing losses attributed to theft, investment fraud, embezzlement and other unauthorized uses of funds.

This kind of trust is particularly useful in preventing a diversion of assets from your family, such as may happen should your spouse remarry.

There is evidence of commingling of funds and other assets, treatment by Wessell of the entities' assets as if they were his own, failure to maintain adequate corporate records, identical equitable ownership of two or more entities, inadequate capitalization, concealment of the identity of the responsible ownership, diversion of assets, and manipulation of assets and liabilities between entities.

The evasion of payment was in general accomplished by delaying disclosure of income tax liabilities through the filing of returns from 5 to 15 months late; by failing to withhold income taxes on salaries; by concealment of the individual assets of Giglio and Livorsi; and by the misappropriation, conversion and diversion of corporate assets.

In testing these three factors, Nevada law additionally looks to such things as whether funds were commingled, the alter ego entity was undercapitalized, there was a diversion of funds, assets of the alleged alter ego were treated as the person's own assets, and a failure to observe formalities.

A fall in efficiency and a diversion of corporate assets is likely to follow.

A 1percentt diversion of their assets could add up to $30 billion a year in private investment for Africa.

Selig said in a statement that the 17-year television deal with Fox was "structured to facilitate the further diversion of Dodgers assets for the personal needs of Mr. McCourt" and would mortgage the team's future.

Yet the foundation, located just blocks from the White House, was restrained when asked on a federal disclosure form whether it had experienced an embezzlement or other "diversion" of its assets.

And even if the IRS takes steps to evaluate the PRI and notifies the foundation it doesn't qualify which, in my knowledge, rarely, if ever, has happened the foundation is only opened back up to the possibility of two, easily avoidable risks (assuming, of course, the investment doesn't run afoul of the core foundation rules prohibiting the diversion of charitable assets toward private use).